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of <h1>Amendment to Section 23-I of Securities Contracts Act: 'Shall' Changed to 'May,' Shifting from Mandatory to Discretionary.</h1> Section 23-I of the Securities Contracts (Regulation) Act, 1956, has been amended by the Finance Act, 2018. In sub-section (1) of this section, the word 'shall' has been replaced with the word 'may.' This change alters the mandatory nature of the provision to a discretionary one.
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